Multiple Choice
What is the correct closing description for the following account at the year end 31 January?-Drawings account
A) Income statement: £420
B) Balance carried down: £420
C) Balance brought down: £420
D) Capital account: £420
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: Which of the following errors will cause
Q7: Which of the following is not an
Q8: It is important to prepare a trial
Q9: Which of the following is a reversal
Q10: A trial balance failed to agree. The
Q11: An error of original entry would occur
Q12: A trial balance failed to agree. The
Q14: When preparing financial statements, the bad debts
Q15: What is the balance brought down on
Q16: At the end of the financial year